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With regards to the current recession hitting the developed and developing worlds differently, I was looking at this graph a while back: http://en.wikipedia.org
by garply 17y ago
With regards to the current recession hitting the developed and developing worlds differently, I was looking at this graph a while back: http://en.wikipedia.org/wiki/File:2007-2009_World_Financial_Crisis.svg http://en.wikipedia.org/wiki/File:2007-2009_World_Financial_... and I'm still trying to decide how to interpret it. Does it mean that the US was the epicenter of the blast and the shock waves just haven't hit the economies that are less tied in yet? Or is it indicative of the world's wealth moving towards equilibrium (the Western world decelerating while the developing world accelerates)?